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Oyuntsetseg, 40, is married and lives with her husband and two children in Uvurhangai province of Mongolia. They live in a ger, Mongolian nomadic housing tent, on a small plot of land that they have owned for the past eight years.

Her husband works for a construction company and her older daughter helps her with the business while her son attends a local secondary school. Oyuntsetseg began a retail trading business at a local market in 2004. Now she sells used clothing and other items such as glasses and hats at her thriftshop that she rents currently.

She wants to expand her business and increase her profit. She is a hardworking person with initiative who says, "I want to have my own store so that I can save money on rent and will be able to afford my son's future studies". She is requesting a loan of 3,000,000 Mongolian tugrug (MNT) to purchase more used clothing and increase her inventory.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,222.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Oyuntsetseg to purchase more used clothing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 15, 2011
Mar 18, 2011
Currency Exchange Loss:
Feb 15, 2013